H&B block equjity, debt and subsidiaries

Accuracy score :

97%

H&R Block Inc HRB

Summary (from latest annual report – 2015)

Total equity: 1.83 billion USD

Market Cap is 4.5 billion USD ( last price of the stock is 20.24 USD)

H&R Block is a tax preparation company in North America, Australia, Brazil and India. It also offers financial products to support its tax business through the H&R Block Bank and services like: payroll, personal finance, and business consulting

Equity of total company increased from 1.55 billion USD in 2014 to 1.83 billion in 2015

Net income in 2015 was 474 million USD, Net income in 2014 was 475 million USD

In 2015 company paid 220 million USD dividend to its shareholders

H&R Block standalone subsidiaries and acquisitions :

In the period from 1997 to 1999 H&R Block acquired two of its franchises and 251 independent tax preparation firms as well as mortgage businesses and a string of accounting firms worth 1.2 billion USD (Block’s strategy was to acquire CPA firms to strengthen its position in the tax preparation market. The addition of CPA firms was intended to attract more high-income individuals who would normally seek out their own CPA firm)

In 1999 H&R Block acquired Olde Discount for 850 million USD (today operates under the name H&R Block Financial Advisors)

In 2005 H&R Block announced that it has signed a definitive agreement to acquire the Tax & Business Services division of American Express for approximately 220 million USD